Ensure that if you lose your job you are covered.
Due to the economic situation many people are losing their job and not knowing what to do however if you were to have income protection insurance you would be able to carry on as normal until you found another job. Income protection insurance provides you with a steady income each month which is normally a percentage of your income so that you can still be financially stable.
None of us can imagine how tough and full of stress it is to be out of a job when we have to provide for a family and I’m sure that many of us wouldn’t wish this on anybody however it is happening all over the UK due to the large amount of job cuts but you don’t have to suffer if you purchase income protection insurance today.
Your income protection insurance could provide you with the means to carry on as normal whilst you found other arrangements regarding your job. You will be provided with money each month which allows you to buy necessities such as food, bills and clothing.
Income protection allows you to have peace of mind and little comfort if you were to lose your job as you know that you can still afford the necessities in life and that you don’t have to compromise your living standards and health due to lack of money.
Make the right choice with income protection cover.
Income protection insurance can help you avoid racking up large amounts of debt when you are out of work. At the start of a new year or at any point throughout the year you do not want to be ending up with large amounts of debt if you were to be out of work and unable to meet all of your financial commitments. One way to help make sure this does not happen is to take out an income protection insurance policy, the payouts you would receive would be able to help you maintain your financial commitments meaning that there is no need to borrow money to cover them.
We know that you may think income protection is another monthly expenditure which you can’t afford however we offer affordable insurance plans which will show you just how little it can cost you to get such high quality protection. We offer an online quotes generator which allows you to find quotes from the UK’s leading income protection insurance providers at a time which is convenient for you. The quotes generator will show you how affordable our policies are and it will also allow you to see what each insurance quote covers so that you can make an informed choice.
Income Protection is worth taking out!
There are many different forms of insurance available to you but how do you know which insurance is actually worth purchasing?
We do not think twice about purchasing insurance for our cars or homes because we know just how much we’d be devastated if anything was to happen and we couldn’t afford to fix it. We insure our cars because it is illegal not too but if you were to be in an accident and your car was written off it is highly unlikely that you would be able to instantly replace it which is why your insurance comes in handy because you receive a payout which allows you to purchase a new car.
One thing we do not usually think about insuring is ourselves and making sure that we are protected and I am not talking about life insurance, I’m talking about insurance which will be useful to you when you are alive, like income protection insurance.
Income protection insurance works very similar to car insurance, if you were out of work due to an accident or illness you would struggle to meet your financial commitments but having an income protection policy means that when you make a claim you will receive payouts almost like a replacement wage allowing you to continue to meet your financial commitments.
Happy New Year!
We are all back in the office after having a lovely holiday for Christmas and New year, we hope that you have all enjoyed your Christmas and New Year as much as we have.
When you were making your new year’s resolutions did you think about protecting your income? We believe that you should make protecting your income one of your resolutions of 2012, every year more and more people are ending up out of work and so you should give yourself all the protection possible so that you do not end up in an extremely difficult place if you were to lose your income.
Income protection can help you as you will receive on average 65% of your income before you were out of work, this would be paid out to you in either weekly or monthly tax free payments. By having income protection insurance not only are you protecting yourself but you are also protecting your family. When you receive payouts from your insurance policy you can choose to spend them however you wish too, however the idea of the insurance policy is so that you can continue to maintain your financial commitments which would normally come out of your income.
Look ahead to the New Year with income protection insurance.
If you are planning on looking ahead to the New Year you may find it beneficial to take a few moments out to think about how you would cope financially if you were to be out of work due to an accident or illness this coming year. Many people would find that they would be in financial difficulty because of how heavily they rely on their income to pay the mortgage and bills and they will worry throughout the year about what would happen if they were to be out of work. You can save yourself from having this worry if you were to take out an income protection insurance policy, this is because you would have a peace of mind that if you were to be out of work then your insurance policy would pay out allowing you to maintain your financial commitments with very little difficulty.
The New Year is a time to be happy and look ahead to all of the things you would like to achieve in the coming year and so you should ensure that you can look ahead to the good times and not worry about the bad times that may or may not come by taking out an income protection policy with Income Protect.
Avoid ending up in financial difficulty with income protection.
If you do not want to be faced with the tragic loss of income if you were to be out of work due to an accident or illness then you should give yourself the protection you require with an income protection insurance policy. Not a single one of us would choose to be out of work, especially when there is a high rate of unemployment within the UK making it very difficult to find a job because not only are this there less of them around but there is also a lot more people applying for each individual job.
If you are out of work due to an accident or illness you want to be able to focus on your recovery rather than worrying about how you are going to afford to meet your financial commitments because you have had such a loss in household income. By taking out income protection insurance your loss in household income will not be as significant once you start receiving your payouts. The insurance payouts from an income protection policy are on average 65% of your income, they are also tax free allowing you to receive the full amount of your payout. The insurance payouts are paid to you in monthly or weekly payments very much so like a wage.
Income protection insurance can be beneficial to you.
Income protection insurance offers you an array of benefits. The main benefit that it offers you is a replacement income, the replacement income you receive will allow you to maintain your financial commitments such as your mortgage, bills and loans. Having an income protection policy will also reduce the amount of worry you may have when you lose your job as you have the reassurance that you will still have a source of income even though it may not be the same as what you are used to.
When you choose to purchase income protection insurance, you along with your insurance provider will choose how long your payments will be deferred for, this means you will choose how long you wait between making your claim and when you receive your first payout. The short the deferred period the more your premium is likely to cost you, however if you know that you would not be able to manage very long without your income then it may be wiser to pay the higher premium.
Your insurance premium will depend on your age, health, occupation, smoker status, the amount of cover you require and more. The younger and healthier you are the cheaper your premium will generally be, if you are a smoker your insurance premium will be more than that of someone else who is the same age, is in the same state of health and who has the same occupation, this is because there are many well known health risks which are more likely to occur if you are a smoker.
Protect your income this Christmas!
Income protection insurance could be very beneficial to you at this time of year. We know that losing your income is devastating at any time of year however you may find that it has even more devastating effects at this time of year. Losing your income at this time of year could make this Christmas one of your worst ones to date, especially if you have a young family at home who will be expecting Santa to bring them lots of presents. Losing your income at this time of year will cause you extra worry on top of worrying about how you are going to be able to afford to maintain your financial commitments, Christmas and New Year is supposed to be joyous time but you will not be feeling particularly joyous if you have lost your job.
Income protection insurance will allow you to feel secure if you were to lose your job at this time of year as you would be aware that once you have contacted your insurance provider you will be able to find out when you can expect to receive your insurance payouts which will help you cover your financial commitments, and without this added worry you will still be able to enjoy Christmas and New year.
Could my claim be refused?
Yes, there are a number are ways in which your claim could be refused and your policy would be void.
Here at Income Protection we believe that honest is the best policy and if you haven’t lied or given false answers to the questions asked your policy should be cleared. If you were to have given false answers to lower premiums or gain better benefits from your policy your claim and policy would null and void and you would not be able to claim. Honesty is truly the best policy as if you were to become unfortunate enough to lose your job how would you cope if you were unable to claim?
If you fall behind on your payments or you haven’t read your policy correctly and what is covered your claim would be refused. Fraudulent claims, such as claiming for an illness you didn’t have, would also mean that your claim would become void and you would be unable to claim the payout.
The best things you can do when purchasing your income protection insurance is to ensure that the answers you give are correct, you have read the terms and what is covered properly and that you do not claim for something that didn’t happen as when if it were to come a time when you did lose your job, you may struggle as you would lose your monthly income and may struggle financially.
Why should I invest in income protection insurance?
Many individuals all over the UK are opting to purchase income protection as due to the economic crisis many people are losing their jobs and none of us know if it or when it is going to happen to us, however with income protection insurance if you were to lose your job you would be able to receive a steady income so that you and your family are kept financially stable.
Now stop and consider what you would do if you were to find yourself out of work, I suspect many of you are thinking you would try and find more work but this sounds a lot easier than it actually is as there are so many people out there looking for jobs, the one you try for they may be over 100 applicants so there is only a small chance you may get it. But also think whilst you were looking for work how will you be able to fend for yourselves and your family with no income? This is why here at Income Protect we believe that purchasing income protection insurance today could have greater benefits for you in the future.
Not only is income protection great if you were to lose your job but also if you become ill, the statutory sick pay is only £65 per week and for many this will be a rapid decrease in income from our normal income. Income protection insurance provides you with a steady income each month so that you can still have money coming into your home and to ensure that you stay financially stable.
